Dutch crypto platform Bitvavo has added three new altcoin projects to its staking rewards service. Now with Solana (SOL), Luna (LUNC), and Cosmos (ATOM), customers can use their assets to enjoy staking rewards with up to 10 percent annual return. In addition, the crypto money exchange Fexobit announced that it has listed 9 coins. Here are the details…
Bitvavo adds 3 altcoins to its staking service
cryptocoin.com As we reported, staking is a way for cryptocurrency holders to participate in network transactions and the security of a Blockchain network. Owners help facilitate said activities by locking their assets for a specified period of time, with a reward earned as part of the incentive process. Bitvavo now supports the above coins. It offers a flexible staking feature that allows users to stake or repurchase their crypto assets at any time.
In its latest updates, the Netherlands-based platform noted the following as the new annual return (APY) for staking three cryptocurrencies.
When you stake with Bitvavo, you will gain:
- Solana (LEFT): Earn up to 5% reward
- Luna (LUNC): Get up to 6 percent rewards
- Cosmos (ATOM): Get up to 10 percent rewards
Staking rates have changed
The update means that the maximum annual reward for staked assets on the platform regulated by De Nederlandsche Bank (DNB) is higher than the 7.5 percent initially offered on Icon (ICX). Users can access and track their staked assets on the Bitvavo app. In addition to adding Solana, Cosmos, and Luna, Bitvavo has updated the staking reward for Cardano (ADA). This was reassessed from 5 percent to 4.25 percent.
Factors that help determine the rate of return include the average pool rate, the blocks per Term, the amount of ADA committed, and the staking costs associated with the percentage received by the prize pool operators. Bitvavo has over 1 million users and offers up to 180 cryptocurrencies, including Bitcoin and Ethereum.
Fexobit added 9 cryptocurrencies
Fexobit, a crypto exchange, has expanded the range of assets it offers to investors by listing 9 cryptocurrencies on the platform. Added cryptocurrencies are as follows:
- Quant (QNT)
- Ethereum Name Service (ENS)
- Compound (COMP)
- Hedera (HBAR),
- Ethereum Classic (ETC)
- THORChain (RUNE)
- MyNeighborAlice (ALICE)
- Curve DAO (CRV)
- Arweave (AR)
Thus, the number of cryptocurrencies offered by the exchange increased to 84. The number of trading pairs increased to 136. In general, the listings of cryptocurrency exchanges are carefully followed by investors as they increase the adoption of cryptos.
